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Wednesday, 12 April 2017
Market Report Focused on Reinsurance in Vietnam 2020
Reinsurance in Vietnam, Key Trends and Opportunities to 2020 is a new market research publication announced by Reportstack. This report provides in-depth market analysis, information and insights into the Vietnamese reinsurance segment, including:
An outlook of the Vietnamese reinsurance segment
A comprehensive overview of the Vietnamese economy and demographics
Detailed analysis of natural hazards and their impact on the Vietnamese insurance industry
The competitive landscape in the Vietnamese reinsurance segment
Scope This report provides a comprehensive analysis of the reinsurance segment in Vietnam:
It provides historical values for the Vietnamese reinsurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
It offers a detailed analysis of the key categories in the Vietnamese reinsurance segment, and market forecasts to 2020.
It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Vietnam, and the reinsurance segment's growth prospects.
It analyzes various natural and man-made hazards and their impact on the Vietnamese insurance industry
Reasons to Buy
Understand the demand-side dynamics, key market trends and growth opportunities in the Vietnamese reinsurance segment.
Make strategic business decisions using in-depth historic and forecast market data related to the Vietnamese reinsurance segment, and each category within it.
Identify growth opportunities and market dynamics in key product categories.
Gain insights into key regulations governing the Vietnamese insurance industry, and their impact on companies and the industry's future.
According to a decree issued on July 1, 2016, foreign firms can reinsure a maximum of 90% of their total business.
The government issued Decree No. 73/2016/ND-CP on implementation and amendments to certain articles of the Law on Insurance Business, which came into effect from July 1, 2016.
According to Decree 67/ND-CP, the Ministry of Finance (MoF) implemented aquaculture insurance products, for which Vietnam National Reinsurance Corporation (Vinare) was chosen as the reinsurer.
In April 2014, Vinare was selected as the national consultant for the National Disaster Risk Finance (DRF) project advanced by the Asian Development Bank. It will enable the cities of Hue and Can Tho to cope with climate change.
In April 2014, Vinare signed a memorandum of understanding with Catalytics to develop natural catastrophe models for floods, earthquakes and storms. This will enhance the reinsurer’s risk management capabilities.
Vietnam National Reinsurance Corporation (Vinare) PetroVietnam Reinsurance Corporation (PVI Re)